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  • August 27, 2014
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  1. Business - Companies - EARNINGS

    OOIL turns around to a US$181m profit

    Posted Aug 12th 2014, 12:56am by Jasper Moiseiwitsch, JING YANG

    ... Jasper Moiseiwitsch and Jing Yang Shipping giant remains cautious on outlook after swinging back from a loss to surprise the market with a first-half gain of US$181.3 million OOIL thrives ... to June was US$181.3 million, against a loss of US$15.3 million in the same period last year. Sales rose 7 per cent to US$3.2 billion. Revenue at subsidiary OOCL rose 4 per cent. The outlook ...

    http://www.scmp.com/business/companies/article/1571616/ooil-turns-around-us181m-profit
  2. News - Hong Kong - LABOUR

    'They will be a burden': Business groups oppose work benefits for unmarried couples amid debate

    Posted Aug 23rd 2014, 05:56pm by Amy Nip

    ... family values, businesses have told the equality watchdog. The topic is under debate during a public consultation on improving anti-discrimination laws, conducted by the Equal Opportunities ... costs,” Simon Cheung Tsin-wong, chairman of Hong Kong (SME) Economic and Trade Promotional Association, said. The businesses also said they were prepared to pay for benefits encouraging people ...

    http://www.scmp.com/news/hong-kong/article/1580027/business-groups-oppose-work-benefits-unmarried-couples-equality
  3. Business - Companies - EARNINGS

    OOIL turns around to a US$181m profit

    Posted Aug 11th 2014, 09:30am by Jasper Moiseiwitsch

    ... transport and logistics giant declared a profit attributable to shareholders of US$181.3 million in the first six months, compared with a US$15.3 million loss in the same period last year. Sales rose 7 per cent to US$3.2 billion. Revenue at subsidiary Orient Overseas Container Ltd (OOCL) rose 4 per cent over the same period last year on a 10 per cent increase in lifting and a higher ...

    http://www.scmp.com/business/companies/article/1571139/ooil-turns-around-us181m-profit
  4. Business - Companies - EARNINGS

    Strike's aftermath to lower Yue Yuen's profits by US$112m

    Posted Aug 06th 2014, 09:21am by Toh Han Shih

    ... Toh Han Shih hanshih.toh@scmp.com Yue Yuen takes US$112m hit owing to strike costs Yue Yuen Industrial's profits in the first half will be hurt by US$112 million in costs arising from ... suffered a US$27 million loss directly caused by the interruption of operations at the Gaobu factory in Dongguan, Guangdong, in a dispute over unpaid social security contributions. The Taiwanese ...

    http://www.scmp.com/business/companies/article/1567408/strikes-aftermath-lower-yue-yuens-profits-us112m
  5. News - World - GERMANY

    Prosecution accepts US$100m offer by Ecclestone to end bribery trial in Germany

    Posted Aug 05th 2014, 06:58pm by Reuters

    ... on trial in Munich in April over allegations he paid a US$44 million bribe to a former German banker to facilitate the sale of a major stake in the motor sport business eight years ago. Ecclestone, ... a bribery trial against Formula One boss Bernie Ecclestone following his offer to make a US$100 million payment. Judge Peter Noll told the court the suspicion of bribery against Ecclestone ...

    http://www.scmp.com/news/world/article/1567037/formula-one-boss-bernie-ecclestone-offers-us100m-end-trial
  6. Business - China Business - SHIPBUILDING

    Chinese yards to get US$10b in LNG tanker orders

    Posted Aug 05th 2014, 04:59pm by Reuters

    ... Reuters in Singapore Push aims at reviving ailing industry and boosting domestic fleet delivering gas supplies China to build more LNG tankers Chinese shipyards are aiming to take US ... to serve new import terminals- gives it greater control over its supply chain and snags a bigger share of the high-value end of the shipbuilding business. "Regardless of the availability ...

    http://www.scmp.com/business/china-business/article/1566993/chinese-yards-get-us10b-lng-tanker-orders
  7. News - China

    Chinese police investigate US citizen near border with North Korea

    Posted Aug 08th 2014, 08:25am by Reuters

    ... on Thursday. Peter Hahn, a naturalised US citizen, has been under interrogation by Chinese authorities for the last three weeks and is not permitted to leave the country, said the source, who requested ... sweep of Christian-run NGOs and businesses along the Chinese side of the border with North Korea. While China can be suspicious of Christian groups and President Xi Jinping has launched a wide ...

    http://www.scmp.com/news/china/article/1568943/china-police-investigate-us-citizen-near-border-north-korea
  8. Business - China Business - ACQUISITIONS

    Alibaba buys US$120m stake in mobile games firm Kabam

    Posted Aug 01st 2014, 10:44am by BIEN PEREZ

    ... for Facebook based on popular US television shows and movies. Its mobile business has prospered in the so-called "freemium" market segment, in which games are initially downloaded for free ... Bien Perez bien.perez@scmp.com Alibaba buys stake in US mobile games firm E-commerce powerhouse Alibaba Group Holding is looking to heat up the fast-growing mobile games market ...

    http://www.scmp.com/business/china-business/article/1564045/alibaba-buys-us120m-stake-mobile-games-firm-kabam
  9. News - China - CRIME

    US slaps sanctions on Chinese drug lord

    Posted Aug 04th 2014, 04:23am by Bryan Harris

    ... drugs in the US and Europe, the Treasury said. The move by the Treasury means all of Zhang's US assets are frozen and US citizens are prohibited from engaging in business with him. In 2010, ... Bryan Harris bryan.harris@scmp.com Zhang Lei shipped illegal substances across the globe for more than a decade, Treasury says US freezes assets of 'drug kingpin' Authorities ...

    http://www.scmp.com/news/china/article/1565749/us-slap-sanctions-chinese-drug-lord
  10. Business - Banking & Finance - FINANCING

    Nomura aims to raise up to US$293m for fund to finance buyouts

    Posted Aug 07th 2014, 02:58pm by Bloomberg

    ... and acquisition deals valued at US$5.5 billion in the past 12 months, or about 11 per cent of all purchases of domestic firms. Prime Minister Shinzo Abe's economic stimulus is spurring deals ... notes a month. The central bank first took short-term interest rates to near-zero in 1999. US 10-year treasuries yield 2.49 per cent. The Nomura ICG fund will offer to private equity firms ...

    http://www.scmp.com/business/banking-finance/article/1568262/nomura-aims-raise-us293m-fund-finance-corporate-buyouts

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